another-good-reason-not-to-be-an-american

Another good reason not to be an American

Get your pens and papers out, write a letter to the US Congress and fax it - complaining about the reduction in housing exclusions on US citizens living abroad.
If you routinely count your lucky stars that youÆre not an American citizen û hereÆs another reason. If you are an American citizen û you might want to pay attention to the urgings of the American Chamber of Commerce in Hong Kong to write your senator and complain about the new tax hikes.

On May 15, the House of Representatives and Senate passed what AmCham refers to as ôthe inappropriately namedö Tax Increase Prevention and Reconciliation Act of 2005. President Bush signed the bill.

Section 911 of the act û a politically charged number to start with - significantly increases the United States taxation of most Americans who live in Hong Kong û and...
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